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FOX Business
Aug 1, 2013 11:00am EDT
make of this? worried about the road ahead, auto critic with the detroit free press joining us from michigan, good to see you. i did not intend to make a car related pun about driving. a lot of this is in a pickup trucks and larger vehicles. are you worried these automakers are making the same a stake they did in the 90s? it blew up in their face. >> not really. the increase in pickup trucks is due to a lot of businesses stocking up again because they think the economy is getting better and many as you thes we see our smaller than the vehicles that existed in 90s and more fuel efficient. the problem is when car and suv sales get out of whack and you are making your money on huge vehicles and losing money on cars that doesn't seem to be the case. the ford fiesta is up 90% in july versus last year which was a stunning number. dagen: we should really celebrate these automakers and rejoice in effect these sales are so good and the quality of these vehicles is so good. you get in any small american sedan these days and even in many cases it is superior to what you would buy in japan or f
FOX Business
Aug 28, 2013 1:00pm EDT
-free municipal bond, but does detroit give you cause for concern? and other cities across the country that are in similar condition? >> well, i wouldn't touch the cities. you've got to do your homework. so, cities, whether it is harrisburg or detroit or stockton, california, they're are a number of cities you've got to get under the hood and look at the credits but if you look at the highest grade, quality tax-free bond today, they're out there with the yields between 4 and 5% and they're not city credits. they're not detroit's. when that analysis is done, at our present tax structure the taxable equivalent yield is about nine. where are you going to get nine in a liquid investment of very high credit quality? i don't see very much of it. so we shifted allocation to tax-free bond. ashley: very good. do your homework. always good advice. david kotok, thank you so much for joining us. we appreciate it. >> thank you. lori: let's take a specific look at the market because the gains thus far are evaporating slightly. lauren simonetti joins us from the floor of the stock exchange. you're wa
FOX Business
Aug 7, 2013 1:00pm EDT
. they have not voted yet i don't think this will change because they can see what is happening detroit has just gone bankrupt and relied on gm and chrysler and ford they do not want to go the way of detroit to one of the pensions will be smaller you know, you'll end up with less at the end of the day. >> with the individual company you can change it if you change jobs in ticket with you that is the advantage. if you want to move to a better job you can without investing in your pension. tracy: give them props for trying. i don't know what they're thinking. [laughter] great to be with you. ashley: they go to the south because the state's give tax advantages nissan moved to just south of nashville for that reason so it makes sense. amazon moving into a new business rolling out where people can buy a fine art from people and galleries nearly 40,000 works by 5,000 artist but the well-known names are bringing in the big bucks the most expensive item norman rockwell going after four-point a million dollars. it's still works even with him in the war hall -- andy warhol. >> you would think you wo
FOX Business
Aug 12, 2013 1:00pm EDT
the fed has done too much to turn back now. how it will all play out ahead. ashley: detroit to beijing, two thundershowers flat. new technology could make the world much smaller. we're life in a fox business exclusive. like l.a. to new york in 40 minutes. >>> breaking news on the monthly budget deficit. let's get straight to it and go to peter barnes in washington. peter? >> hey, ashley, deficit was $90 billion in july. 40% increase from the $70 billion deficit reported in july of 2012, but, for the fiscal year-to-date, the deficit is actually down by about that amount. it clocked in for the first 10 months of the fiscal year-ending july at $607 billion. that compares to $974 billion for the deficit for the same period last year. and, of course, this improvement in the deficit, is due to those higher tax increases that kicked in january 1st. higher payroll taxes as well as higher taxes on the wealthier earners. and lower spending here in washington caused by those sequester spending cuts. we have two more months left in the fiscal year and two more months in that fight before the next
Search Results 0 to 3 of about 4